Why Should Severance be Outsourced? Part 2: Use Existing Infrastructure
Publisher: Transition Services Inc.
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The first in our current "Top 5" list named Regulatory Expertise as a primary reason for a company to outsource its severance programming. The second reason a company should outsource severance is leveraging the existing infrastructure of the firm you choose to partner with. A challenged or changing company will not often have available resources to dedicate to change – whether that change be the design of a new severance program offering alternative benefits to employees or the implementation of a nationwide regulatory tracking system to ensure up-to-date program compliance. Partnering with a firm specializing in severance management, from plan design to employee care, allows a company to decrease the internal administrative burden involved with severance and change while ensuring quality program administration.
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